Taoping Inc. (NASDAQ: TAOP) Stock: More Upside Ahead?

In the latest trading session, 0.6 million Taoping Inc. (NASDAQ:TAOP) shares changed hands as the company’s beta touched 0.64. With the company’s most recent per share price at $0.82 changing hands around $0.04 or 5.89% at last look, the market valuation stands at $3.71M. TAOP’s current price is a discount, trading about -223.17% off its 52-week high of $2.65. The share price had its 52-week low at $0.39, which suggests the last value was 52.44% up since then. When we look at Taoping Inc.’s average trading volume, we note the 10-day average is 0.12 million shares, with the 3-month average coming to 152.81K.

Taoping Inc. (NASDAQ:TAOP) trade information

Instantly TAOP is in green as seen in intraday trades today. With action 37.06%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -43.38%, with the 5-day performance at 37.06% in the green. However, in the 30-day time frame, Taoping Inc. (NASDAQ:TAOP) is 47.34% up. Looking at the short shares, we see there were 76324.0 shares sold at short interest cover period of 0.47 days.

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Taoping Inc. (TAOP) estimates and forecasts

Year-over-year growth is forecast to reach 109.30% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 52M. The company’s revenue for the corresponding quarters a year ago was 24.85M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 109.30%.

TAOP Dividends

Taoping Inc. is expected to release its next quarterly earnings report in October.

Taoping Inc. (NASDAQ:TAOP)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 9.45% of Taoping Inc. shares while 4.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 4.93%.